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Homes for Sale in Abbotsford BC

Whether you are a young family searching for townhouses or Abbotsford homes for sale, or you are a recent University of the Fraser Valley Graduate looking for 2-bedroom condos in Abbotsford, in order to get started in the Abbotsford Real Estate Market, call or text the Taylor Team at 1-778-316-4290. Abbotsford BC Real Estate is great place to start and our Sutton real estate agents are here to help. Matsqui, Bradner and Sumas Mountain areas of Abbotsford, British Columbia all hold some of the most amazing views of Mount Baker, the Fraser Valley and the Pacific Coast Mountains, making Abbotsford very high in demand. Abbotsford MLS listings show this area as being very active and a good investment for your future.

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For sale
$1,269,000
32360 ALPINE AVENUE, abbotsford, British Columbia

32360 Alpine Avenue

Abbotsford, British Columbia

INVESTOR ALERT!! Basement Entry Home with a Legal 2 Bedroom Suite on a Large Subdividable Lot in one of West Abbotsford's most desirable neighborhoods. This great family home has 5 bedrooms plus den and 3 baths. 2 separate laundries. Big covered sundeck. Upgrades include: Roof; Furnace; Hot Water Tank; Windows; some Flooring and Paint. Potential to subdivide into 2 RS7 lots (confirm with City of Abbotsford). Great rental income - $4300 per month($2700 up/$1600 down). Located on a quiet no-thru street with easy access to Hwy 1, shopping, schools, churches, and Sikh Temple. This one will not last long! Contact today!! (id:48205)

5 Bedroom 3 Bathroom 2386
For sale
$1,269,000
3498 PROMONTORY COURT, abbotsford, British Columbia

3498 Promontory Court

Abbotsford, British Columbia

Welcome to this beautiful 2 story home with 4 bedrooms & 4 bathrooms. On the main floor you are greeted with an open concept floor plan with foyer, living room, dining room, kitchen, family room and Den. Upper-level features generously sized four bedrooms & three full washrooms. It's situated at very quiet neighborhood. Walking distance to all levels of schools, Ice rink, Parks & trails. Conveniently located close all the amenities. (id:48205)

4 Bedroom 4 Bathroom 3012
For sale
$1,259,000
35283 CORBETT PLACE, abbotsford, British Columbia

35283 Corbett Place

Abbotsford, British Columbia

Located in a sought-after neighbourhood, this charming home is close to elementary, middle, & secondary schools - ideal for families! The quiet cul-de-sac allows you to enjoy peace & safety w/ minimal traffic. A covered front entrance opens to a spacious foyer. The top floor has been recently updated with fresh paint, new vinyl plank flooring, & rugs, offering a modern touch to this lovely home! The master bedroom includes an ensuite bathroom & walk-in closet. The property features a newly renovated 2-bedroom legal suite, offering additional income potential. The fenced backyard, complete with a sandbox, is perfect for children or grandchildren to play safely. Grow your own flowers or vegetables in the raised backyard garden area & feel secure with a wired-in home alarm system. Call today! (id:48205)

5 Bedroom 3 Bathroom 2466
For sale
$1,250,000
34685 OLD CLAYBURN ROAD, abbotsford, British Columbia

34685 Old Clayburn Road

Abbotsford, British Columbia

Fantastic East Abbotsford family home in a great neighborhood in popular school Margaret Stenersen catchment. This 5 bedroom rancher has been well loved and updated throughout the past few years with a long list of updates. The main kitchen was updated with quartz countertops and S/S appliances, plumbing, wiring, vinyl windows throughout, heat pump, and new basement kitchen. Income potential with 3 bedroom suite, with new kitchen, flooring, bathroom and large spacious bedrooms. Enjoy the private fenced yard on a beautifully maintained 8500 sq foot lot with side access for possible RV parking. Close to schools and all amenities. Field across the street is future park according to City Hall! (id:48205)

5 Bedroom 2 Bathroom 2303
For sale Open House
$1,249,999
35839 EAGLECREST DRIVE, abbotsford, British Columbia

35839 Eaglecrest Drive

Abbotsford, British Columbia

Desirable Rancher with walk out basement in sought-after Mountain Village in East Abbotsford! This charming home has been well maintained and sits on a quiet no through road. Main floor contains 3 bedrooms and 2 full bathrooms with an additional bedroom and rec room downstairs separate from the suite. Fully renovated 2-bed plus rec room suite perfect for in-law or mortgage helper. Upgrades include a new deck, renovated patio, new retaining wall and metal railings, fresh exterior paint, crown moldings and wainscoting in the living room, newer furnace and hot water tank, and updated windows. Park with ease in the double garage, RV parking, and space for 6 vehicles. Family-friendly neighborhood near excellent schools and just minutes from Hwy 1 and all amenities. (id:48205)

6 Bedroom 3 Bathroom 2935
For sale
$1,249,999
3389 PROMONTORY COURT, abbotsford, British Columbia

3389 Promontory Court

Abbotsford, British Columbia

Unlock the doors to your dream home in West Abbotsford! This fully renovated Gem offers a generous 2700+ sqft of living space, nestled on an expansive lot spanning over 8200 sqft. Enjoy the luxury of central A/C, ensuring year-round comfort, while a LEGAL suite stands ready to serve as a lucrative mortgage helper. Positioned near all levels of Schools, Shopping, parks, Trails, Churches, Gurdwaras and with effortless access to highway #1 exits, convenience is at your doorstep. You'll find high ceilings throughout this home. Whether you're entertaining guests or seeking solace, this home effortlessly accommodates your lifestyle needs. Don't just drive by; come view this remarkable property. Schedule your personal viewing! OPEN HOUSE MAY 04 2PM-4PM & MAY 05: 2PM-4PM! (id:48205)

4 Bedroom 3 Bathroom 2715
For sale
$1,249,999
3150 CONSORT COURT, abbotsford, British Columbia

3150 Consort Court

Abbotsford, British Columbia

Abbotsford West, Charlotte Park Beauty on a quiet cul-de-sac. Flat rectangular yard 60 x100= 6000sqft lot with 1 bedroom basement suite has many updates in the past which include vinyl windows, wood flooring, a beautiful kitchen with the great room concept open to the living room and dining area with a sit up to bar and pantry. The lighting has been replaced and the bathrooms have had some updating. A gas fireplace keeps the basement warm and cozy in the winter and there is a wood burning fireplace upstairs that has been refaced with a new mantle. This home is ready for it's next family to enjoy. (id:48205)

4 Bedroom 3 Bathroom 1973
For sale
$1,249,999
36739 DIANNE BROOK AVENUE, abbotsford, British Columbia

36739 Dianne Brook Avenue

Abbotsford, British Columbia

Gorgeous home with high end finishing. Great location on the East Side of Abbotsford on Dianne Brook Avenue! Welcome to this Sumas Mountain executive Subdivision! This home has a rare floor plan, which includes a main floor den, large great room with massive high ceilings, dining area and kitchen, Above you have a good size Master bedroom with a walk-in closet and beautiful ensuite, plus another full bath, and 2 bedrooms. Double garage with two more parking in the driveway. Back deck is perfect for entertaining. Upgraded turf in the front and back, beautiful landscaping. The basement is fully finished including 2 bedrooms and a full bath and a separate entrance. Call for private viewing! (id:48205)

5 Bedroom 4 Bathroom 2858
For sale Open House
$1,249,900
34202 RENTON STREET, abbotsford, British Columbia

34202 Renton Street

Abbotsford, British Columbia

At over 3000 square feet, this charming home is perfect for a growing family plus the in-laws! It sits on an approximate 7200 sqft rectangular lot with abundant parking. This home features a COMPLETELY RENOVATED ground floor 2-bedroom legal suite, ideal for extended family or a mortgage helper. The main floor showcases an excellent layout with three bedrooms up, one down, two full bathrooms, with separate family, dining and living areas. The spacious kitchen overlooks the backyard with green space and mountain views, ideal for family gatherings and everyday living while enjoying the added comfort of built-in A/C throughout this fantastic family home. Open houses Sat and Sun from 2-4. (id:48205)

6 Bedroom 3 Bathroom 3121
For sale
$1,249,900
3743 LATIMER STREET, abbotsford, British Columbia

3743 Latimer Street

Abbotsford, British Columbia

Well maintained basement entry home backs onto GREENBELT. The house features spacious layout, family room and living room with 3 bedrooms upstairs. Huge Rec-room and potential for suite downstairs. The house been updated with vinyl windows and 14 years old roof. Close to Robert Bateman Secondary School, Clayburn Middle School and Dr. Thomas A Swift Elementary School. (id:48205)

4 Bedroom 3 Bathroom 2534
For sale Open House
$1,249,789
2810 DEHAVILLAND DRIVE, abbotsford, British Columbia

2810 Dehavilland Drive

Abbotsford, British Columbia

This home features 4 beds + den, 3.5 baths, almost 2900 sq ft of finished space, and a self contained, newer 1 bedroom plus den legal suite. There have been many updates over the years some of which include: appliances, updated ensuite, 10 year old roof, freshly paint, AC, natural gas stove & BBQ and a brand new shop(24x14, heated and insulated, with plumbing for future bathroom/suite), upgraded 200 amps. This corner lot features a fenced private yard, and plenty of parking for your vehicles, boat, rv with sani dump and 30 amp service. This home is located close to all amenities and will not last. (id:48205)

4 Bedroom 4 Bathroom 2876
For sale
$1,249,000
2074 MAJESTIC CRESCENT, abbotsford, British Columbia

2074 Majestic Crescent

Abbotsford, British Columbia

Fully renovated split entry home in a desirable Central/west Abbotsford area! This 3 bedroom on main floor with 2 bedroom suite Home on a 2,200 sq.ft. is in the City's Urban Infill 3 designation, perfect opportunity to subdivide into 2 lots! Live in it now and develop in the future. Prime location near Mill Lake Park, Steps away from Abbotsford Hospital and couple minutes away from Freeway entrance. Ideal for someone looking to upsize from a townhome or a savvy investor. This home features Central AC, SS Appliances, new Kitchens, quartz countertops, updated bathrooms, New lighting and much more! Separate Laundry for upstairs and downstairs. Book your personal showing today!! (id:48205)

5 Bedroom 2 Bathroom 2200
For sale
$1,249,000
71 4001 OLD CLAYBURN ROAD, abbotsford, British Columbia

71 4001 Old Clayburn Road

Abbotsford, British Columbia

Welcome to Cedar Springs, East Abbotsford's exclusive gated community spanning over 32+ acres, boasting picturesque trails, lush gardens, stunning water fountains, & waterfalls. The Bradner, one of Cedar Springs' largest layouts, offers 4 beds, 3 baths, & over 3,700 sqft of living space. The main floor enjoys a fantastic garden/pond view and a spacious primary suite with a WIC & a spa-like ensuite, alongside a stunning open-concept kitchen/living/dining + formal living spaces. Downstairs cozy up by 1 of the 5 fireplaces while enjoying the comfort of 3 additional bdrms. The unparalleled clubhouse offers meeting & lounge areas, a pool/hot tub/sauna, & a fantastic deck overlooking the pond. No age restriction, pets & rentals welcome. (id:48205)

4 Bedroom 3 Bathroom 3784
For sale Open House
$1,249,000
36769 DIANNE BROOK AVENUE, abbotsford, British Columbia

36769 Dianne Brook Avenue

Abbotsford, British Columbia

Looking for a new modern home, with an open floor plan and floor-to-ceiling windows, we got the perfect place for you! This home is located in a new subdivision in Abbotsford East . The open floor plan, high ceilings and grand windows make this home bright and luxurious. The main floor features a great room, dining, laundry completed with a state-of-the-art kitchen leading to the back patio. The open floor plan makes this house an exceptional place to entertain guests. The upper level features a master bedroom with a grand walk-in-closet, luxury ensuite bath and two bedrooms. In the basement you have Two bedrooms, Living room and a Laundry with a separate entry Open House March 16,2024 12-2pm March 17,2024 1-3pm (id:48205)

6 Bedroom 4 Bathroom 2682
For sale Open House
$1,249,000
36709 DIANNE BROOK AVENUE, abbotsford, British Columbia

36709 Dianne Brook Avenue

Abbotsford, British Columbia

Welcome to your new house settled in the best up and coming family oriented neighbourhood! Finished with nothing but the quality throughout this home shows 10/10 with functional living on the main floor featuring the kitchen, high-quality great room, and extravgant dining room along with a formal foyer and gorgeous powder washroom. As you head upstairs you'll be greeted with designer lighting top of line master bedroom with ensuite and an additional two spacios bedrooms upstairs. Come check out this beautiful subdivision. (id:48205)

5 Bedroom 4 Bathroom 2698
For sale
$1,248,888
2084 WILEROSE STREET, abbotsford, British Columbia

2084 Wilerose Street

Abbotsford, British Columbia

Beautiful home with a LEGAL suite on flat 7722 sqft lot (66 feet and 117 feet) ! Some of the features of this gorgeous 4 bedroom/3 bathroom plus oversize family room downstairs home include a spacious open concept floor plan that is great for families and entertaining, Well kept kitchen, flooring, bathrooms, fireplace and more, an oversized family room downstairs, separate laundry for the suite, parking for 6 vehicles plus room for your RV, covered deck and a large flat private fenced back yard. Centrally located on a quiet street this home is walking distance to the McCallum Junction, Sevenoaks Mall, Abbotsford Hospital, Mill Lake, all levels of schools and a short drive to Highway #1 (id:48205)

4 Bedroom 3 Bathroom 2702
For sale
$1,245,000
36689 DIANNE BROOK AVENUE, abbotsford, British Columbia

36689 Dianne Brook Avenue

Abbotsford, British Columbia

Welcome to beautiful Sumas Mountain! This stunning 5 bedroom, 4 bathroom corner home is situated in one of East Abbotsford's pristine hillsides. Open kitchen and living room concept including S/S appliances, gas range, large quartz island. Upstairs features a primary bedroom with a large walk-in closet, luxurious ensuite bathroom with double sinks. Two additional bedrooms with 2 patio's! Downstairs features a fully finished basement with two bedrooms, a 4 piece bathroom and a second laundry room, and roughed in for a kitchen. This home is a must see as it is situated in a great family friendly neighborhood in the mountains. Only minutes to Hwy 1 and all amenities. (id:48205)

5 Bedroom 4 Bathroom 2479
For sale
$1,245,000
3275 FIRHILL DRIVE, abbotsford, British Columbia

3275 Firhill Drive

Abbotsford, British Columbia

BEST LOCATION IN WEST ABBOTSFORD! Well kept home in a very desirable area of West Abbotsford! , this BEAUTIFUL updated RANCHER with FULL finished basement is close to all levels of schools, parks, highway access, shopping, recreation and the High Street Mall. (id:48205)

6 Bedroom 3 Bathroom 3083
For sale Open House
$1,238,000
32248 ATWATER CRESCENT, abbotsford, British Columbia

32248 Atwater Crescent

Abbotsford, British Columbia

Fully Renovated Prime Location Home in West Abbotsford! Only minutes away from all levels of schools, Rotary stadium, recreation centre and shopping. Big private backyard, flat rectangular 6156 sqft lot. 2 Bedroom Basement suite with separate entry. Call today for your private viewing. (id:48205)

5 Bedroom 4 Bathroom 2146
For sale
$1,229,900
2544 CAMPBELL AVENUE, abbotsford, British Columbia

2544 Campbell Avenue

Abbotsford, British Columbia

Investors & Builders! Secure this golden opportunity in Central Abbotsford! Explore the potential of this well-maintained 3 Bed, 1 Bath, 1,464 SqFt Rancher with basement, on a 7,850 SqFt lot with LANEWAY ACCESS. The property boasts a detached workshop with 220V power, perfect for your hobbies & storage. Benefit from accelerated development timelines, courtesy of recent provincial legislation, ensuring a quicker completion of your project. Neighbouring lots have already initiated their developments. Located in a high-density area with URBAN 2 - GROUND ORIENTED OCP, this property opens doors to multiplex or townhome possibilities. Perfect for future rental income as it's near all levels of schools. With limitless potential, decide whether to build, hold or capitalize. The Next Move is Yours! (id:48205)

3 Bedroom 1 Bathroom 1467
For sale
$1,229,900
3038 MCMILLAN ROAD, abbotsford, British Columbia

3038 Mcmillan Road

Abbotsford, British Columbia

Meticulously renovated East Abby gem w/stunning backyard & spacious mortgage-helper suite. Main floor features hardwood flooring, fresh paint, new trim, & updated lighting. Backyard transformation in 2023 introduces covered deck & outdoor kitchen, sundeck, and enhanced retaining walls. Essential upgrades include a new elec panel, new doors & soundproof windows, plumbing, furnace, h/w tank, & central A/C. Primary bed boasts 3-pc ensuite, his/hers closets, & space for king bed. Main bath charmingly updated! Kitchen is highlight w/quartz counters, upgraded appliances, custom cabinets, & bay window overlooking landscaped backyard. Downstairs, foyer is tastefully updated, laundry features updated washer/dryer, & unauth suite w/separate entry is sure to delight. Don't miss this one, call today! (id:48205)

3 Bedroom 3 Bathroom 2244
For sale
$1,229,000
33699 LINCOLN ROAD, abbotsford, British Columbia

33699 Lincoln Road

Abbotsford, British Columbia

Welcome Home to Lincoln Road! This 3 bed, 2 bath rancher w/ basement is ready for all of your ideas! Featuring plenty of living space upstairs whether you relax in the cozy living room with the fire on, have a wonderful dinner in the dining area or spend time cooking in the spacious kitchen there is space for all of your entertaining & living needs. From the kitchen you walk out to a covered patio overlooking your large plentiful backyard with fruit trees & space to enjoy all year round. Downstairs you'll find 1,300 sqft of space ready for continued upstairs living or potential for income generation. On almost a 9,400 sqft lot you are making an investment in the future potential of the house/property. Walking distance to shopping, transit & restaurants, this one is a must see! Call today! (id:48205)

3 Bedroom 2 Bathroom 2436
For sale Open House
$1,229,000
2568 MENDHAM STREET, abbotsford, British Columbia

2568 Mendham Street

Abbotsford, British Columbia

HUGE VALUE! The perfect starter home a Rancher with Basement featuring 4 Bedrooms + Den and 2 Bathrooms situated on a flat 9,100 Sq Ft lot with 70' frontage in a quiet cul-de-sac no through street. Fully renovated with new flooring throughout, pot lights, white kitchen with quartz countertops, backsplash and black S/S appliances. Open living room with 3 bedrooms on the main level along with a walk out balcony where you can take in the gorgeous mountain views. Basement offers a full in-law suite with separate entry, kitchen, 1 bedroom + den,storage room, large living room and full bathroom. Close to transit, shopping & the Abbotsford Recreation Centre. With a new Furnace/Water tank and a backyard with an outdoor kitchen. The nearby schools are Yale Secondary School, WA Fraser Middle School. (id:48205)

4 Bedroom 2 Bathroom 2100
For sale Open House
$1,228,800
4400 STEPHEN LEACOCK DRIVE, abbotsford, British Columbia

4400 Stephen Leacock Drive

Abbotsford, British Columbia

Welcome to this pristine 3 level home nestled in the sought after Auguston Neighbourhood of East Abbotsford. This immaculate residence boasts tasteful updates creating a move in ready oasis for your family! 2677 sq ft w bright floor plan. Large windows allowing loads of natural light, and the modern kitchen has ample storage & huge pantry! Stainless steel appliances, gas range & great island to entertain! Adjoining family room w gas fireplace. Den on main floor makes a great home office or play room. 3 bedrooms upstairs w oversized master, walk in closet & beautiful ensuite bathroom. Full size laundry room upstairs also w sink for added convienance. Downstairs features a new 2 bdrm suite w high quality kitchen. Great fenced yard w large deck space for bbq's. Double car garage.WOW! (id:48205)

5 Bedroom 4 Bathroom 2677
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About The City of

Abbotsford

Traditionally, Abbotsford was made up of predominantly farmland and the vast majority of the area surrounding Abbotsford still is. However, Abbotsford BC Real Estate has recently undergone some drastic changes, and new home developments have now incorporated an inspiring combination of modern urban style and friendly country living.

Neighborhoods in

Abbotsford

East Abbotsford homes for sale are always in high demand in popular areas like Eagle Mountain, McKee, Whatcom, Auguston, Sandy Hill, Clayburn, and more. Central Abbotsford homes are also growing in demand as young families move into older homes and do their own dream renovation to bring the home up to today’s standards.

Abbotsford homes for sale in areas like Bradner and Sumas Mountain make for a great place to live for people from all walks of life. This area of the Fraser Valley is also an amazing place for those that want to downsize and live a quiet life of retirement, especially those who have recently became empty nesters and would like to move into a rancher style home in Abbotsford.

  • Aberdeen

  • Arnold
  • Auguston
  • Blueridge
  • Bradner
  • Clayburn
  • Clearbrook
  • Downtown
  • Eagle Mountain
  • Gifford
  • Glen Mountain
  • Huntingdon
  • Kilgard
  • Matsqui
  • McKinley Heights
  • Mill Lake
  • Mount Lehman
  • Sandy Hill

Amenities in

Abbotsford

Over the last two decades, the City of Abbotsford has worked in partnership with dozens of park boards, developers, and school districts to further develop Abbotsford into a lively and community-centric city.

The Parks Department of the City of Abbotsford manages several parks, athletic fields, and many recreational and cultural centres that are subsidized through municipal taxes. These programs are developed to ensure that the local residents are engaging in healthy activities and contributing to the cultural growth of the community.

  • Abbotsford Recreation Centre
  • Matsqui Recreation Centre
  • Abbotsford Exhibition Park
  • Mill Lake Park
  • Fishtrap Creek Park
  • Albert Dyck Memorial Park
There are over 50 schools in Abbotsford, from private elementary schools all the way to highly-rated public universities (UFV). With so many educational institutions in town, there is a school for everyone!

  • University of the Fraser Valley (UFV)
  • Mennonite Educational Institute (MEI)
  • W.J. Mouat
  • Robert Bateman
  • Abbotsford Secondary
  • St. John Brebeuf
  • Aberdeen Elementary
  • Matsqui Elementary
Local entrepreneurs, developers, and government boards have been working in direct connection with one another to build out the shopping and entertainment districts of Abbotsford.

  • Highstreet Shopping Centre
  • Sevenoaks Shopping Centre
  • West Oaks Mall
  • Cineplex VIP Cinemas
  • Abbotsford Entertainment Centre
  • Castle Fun Park
The City of Abbotsford has been actively improving the transit accessibility of its community. Historically recognized as a car-dependent city, this community has been at the forefront of improving walkability with recent projects surrounding High Street and Montrose.

  • Uber
  • BC Transit
  • International Airport (YXX)

Economic Stats for

Abbotsford

If you’re thinking about buying a home in Abbotsford, it is important that you consider the economy factors at play and determine whether those trends are inline with a community you want to invest into. Whether you’re a first time homebuyer, long term rental investor, or a family looking to relocate to the Fraser Valley, you should always consider the state of the local economy before purchasing a new property.

As of 2021, the City of Abbotsford has an approximate population of 141,489 people. The population has been growing at a rapid pace of 1.5% per year for well over a decade.
Out of approximately 50,000 households in Abbotsford, the vast majority of families have a household income well between $60,000 to $150,000 or more. While the household incomes are stable, they’re also well above the national median income of $72,000 per year.

Abbotsford’s real estate market continues to steadily rise over the last decade. The FVREB predicts continued growth in real estate prices in all neighbourhoods within Abbotsford.

Abbotsford July 2020 Price Three Year % Change
Detached House $831,600 28.7%
Townhouse $462,800 34.2%
Apartment/Condo $322,200 48.3%

(From MLS® Home Price Index – Fraser Valley Real Estate Board July 2020.)

Residential Property Tax Rate for Abbotsford from 2018 to 2020
Year Muni. Rate Edu. Rate Total Rate
2020     0.327%     0.150%       0.504%
2019     0.309%     0.140%       0.474%
2018     0.335%     0.149%       0.513%
There are several large economic drivers in Abbotsford that have a significant impact on the local demographics, income, and culture.

Abbotsford, BC is home to the University of the Fraser Valley (UFV), the Tradex building, and the Abbotsford International Airport, which also hosts the annual Abbotsford International Airshow. Abbotsford also has a relatively new state-of-the-art Hospital and Cancer Centre and this growing Fraser Valley community has some of the most sought-after schools in BC. Abbotsford also enjoys a large amount of Commercial Real Estate, making the city completely self-sufficient and ever ready for expansion and growth.

For those who like to save by going across the border to the US to purchase gas, milk, cheese and common household groceries, Abbotsford is ideally located next to the Canada/US Sumas border making it very convenient to save on some additional living costs.

Rental Potential in

Abbotsford

Investor types need to make sure the numbers on the property make sense in order to properly assess the risk-to-reward. While these numbers are rough estimates, they do provide a starting point for real estate investors to gather information and begin the due diligence process.

Before you take the first step in acquiring a real estate investment it is best that you understand the most common costs associated with acquiring and maintaining a rental property.

  • Property Transfer Tax – This is a provincial tax on the transfer of ownership between the seller and buyer. In general, it is 1% – 3% of the fair market value.
  • Lawyer Fees – These fees vary depending on the firm’s rates and whether you will be financing or paying cash for the property. That being said, in general, the cost is approximately $1,000 – $2,000.
  • Property Taxes – All real estate in BC is impacted by property taxes in one way of another. In Abbotsford, you can expect to pay around 0.504% of the BC assessment value each year.
  • Strata Fees – If you’re purchasing a property that has a strata corporation, then you can expect to pay a monthly fee to the strata. Most, if not all, apartments, townhomes, and condos have a monthly strata fee. This can range from $200 – $500+ per month.
  • Repairs & Maintenance – Most savvy investors budget 1 – 2 % of the fair market value of the property for repairs and maintenance.
  • Property Management – Who will manage the screening of tenants? What about collect the rents and abide by the BC Tenants Act? Property management companies can manage all of the day-to-day operations for anywhere from a 6 – 10% commission.
While the cost of real estate has been steadily rising in Abbotsford for the last several decades, so has the average rents.

According to CMHC, the average rent in Abbotsford has been rising every year. From 2014 to 2019 rents have risen from $768 to $1,045 per month.

Vacancy rates in Abbotsford remained at the lowest levels seen in the last 20+ years. With an average vacancy rate of 0.68% over the last five years.

It is worth mentioning that monthly rents in Abbotsford can vary greatly depending on the neighbourhood, quality of finishings, and the size of the property. A property on Eagle Mountain may demand double the monthly rents compared to a house in Central Abbotsford and vice versa.

Estimated Monthly Rents:

1 Bedroom – $1,100 – $1,300 per month

2 Bedroom – $1,500 – $1,800 per month

3 Bedroom – $2,300 – $2,700 per month